Nvidia and AMD, GameStop rally, OPEC+ cuts: 3 Things
How did the announcement of new AI chips by Nvidia and AMD impact their stock prices in Monday's pre-market trading?
The announcement of new AI chips by Nvidia and AMD led to a positive impact on their stock prices in Monday's pre-market trading. Both companies saw their shares ticking up, indicating an increase in investor interest and confidence in their products. This can be attributed to the growing demand for AI applications and the potential for these companies to capture a significant share of the AI chip market.
What new AI chips have Nvidia and AMD announced, and what are the expected availability dates for these chips?
Nvidia and AMD have announced their latest AI chips at the Computex technology trade show in Taipei. Nvidia has unveiled its highly-anticipated artificial intelligence chip platform, Blackwell, with its successor, the Blackwell Ultra chip, scheduled for release in 2025. Additionally, Nvidia plans to announce new chips on a "one-year rhythm."
On the other hand, AMD has introduced its new MI325X AI accelerator, which is set to be available in the fourth quarter of 2024. AMD also unveiled its Ryzen AI 300 series, which will be used for AI laptops. Furthermore, AMD plans to unveil its next-generation MI350 platform in 2025, followed by the MI400 in the subsequent year.
In summary, Nvidia's Blackwell Ultra chip is expected in 2025, while AMD's MI325X AI accelerator will be available in Q4 2024, with the MI350 and MI400 platforms to follow in 2025 and 2026, respectively.
Can the validity of "Roaring Kitty's" current GameStop holdings be confirmed?
The validity of Roaring Kitty's current GameStop holdings has yet to be verified4. Keith Gill, known online as "Roaring Kitty," posted a screenshot of his portfolio on Reddit, allegedly showing his investments in GameStop. However, this information has not been independently confirmed or verified.